iBwave Ranked the 178th Fastest Growing Company in North America on Deloitte's 2010 Technology Fast 500™

Attributes Its 567 Percent Growth to Its Unsurpassed In-Building Software Solutions, Customer Focus and Employee Dedication in Providing Unfailing Wireless Communications Indoors

MONTREAL, Oct. 21 /PRNewswire/ - iBwave today announced that it ranked number 178 on Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009. iBwave grew 567 percent during this period.

iBwave's President and CEO, Mario Bouchard, credits the incredible hard work and dedication of all its employees and their unwavering belief that wireless devices should work as well or better indoors as they do outdoors as the key driving force for their success. He also credits the continuous product feedback from the thousands of RF engineers across more than 270 telecom leaders and wireless operators worldwide in making iBwave's products the most advanced and widely used in-building wireless design software in the industry. Mario Bouchard said, "We are extremely honoured by this award. We believe the proliferation of mobile devices and the importance of providing optimal indoor coverage and capacity to support new and innovative applications can only bode well for our future - we're extremely excited about our leadership position in this space."

Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their outstanding five-year revenue growth.

"With its remarkable growth from 2005 to 2009, iBwave has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America and deserves our congratulations," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte Canada. Deloitte is proud to honour iBwave for this accomplishment."

Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.

For additional details on the Technology Fast 500™ including qualifying criteria, visit www.fast500.com.

ABOUT IBWAVE SOLUTIONS
iBwave is an international in-building wireless software company that delivers unique in-building wireless solutions to a global client base of more than 270 leading telecom operators, system integrators and equipment manufacturers in over 60 countries on five continents. iBwave offers industry-specific planning and design software solutions to answer the needs of the in-building wireless industry. RF engineers can take in-building network design beyond prediction to improve accuracy and standardize designs that are shared across the in-building community. www.ibwave.com

ABOUT DELOITTE

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SOURCE iBwave Solutions